big promotion palm oil refinery scale in vietnam

   
big promotion palm oil refinery scale in vietnam
                                               
                                               
                                               
                                               
  • big promotion palm oil refinery scale in vietnam
What are some examples of palm oil refining business?

One of the best examples is its palm oil refining business signed with GS Caltex in October last year. The two companies invested USD 210 million to build a palm oil refinery in Kalimantan Timur, Indonesia, and plan to produce 500,000 tons of refined oil annually from 2025.

How to expand palm oil production in Vietnam?

The investors plan to expand palm oil production in Bac Lieu, Kien Giang by increasing the plantation area by up to 10,000 ha. In Vietnam, vegetable oil is mainly produced from copra, soy bean, peanut and sesame.

Why did Vietnamese vegetable oil producers recover in 2022?

Due to lower input material costs, thanks to lower Palm Oil prices, VDSC believes that the profit margins of Vietnamese Vegetable Oil producers started recovering in the second half of 2022. In terms of Soybean Oil, according to AgFlow data, Vietnam imported 44,000 tons from Argentina in 2022, followed by Russia (30,000 tons).

How much oil does Vung Ro refinery produce a year?

If completed as planned, the Vung Ro refinery will have a capacity of about 8 million tons per year (Oil Trends, 2013), and will process sour Arabian light crude as well as an unidentified ¡°Vung Ro Petroleum blend,¡± which is likely sweet crude from Vietnam (VRP, 2013).